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Virgin Hyperloop is investing $500 million to build what could one day be the future of high-speed transportation.
A rendering of a Virgin Hyperloop One Cargospeed station.
West Virginia Gov. Jim Justice held a news conference on Friday along with Virgin Airlines founder Sir Richard Branson to announce a partnership to bring the Virgin Hyperloop Certification Center to Tucker County in West Virginia.
Hyperloop is a theoretical transportation system originally proposed by Tesla and SpaceX CEO Elon Musk. The idea was to create a high-speed transportation system to send a podlike capsule levitating along a rail inside a low-pressure tube at speeds of more than 600 miles per hour.
The proposal sparked a wave of companies and innovators working to make this technology a reality, with Virgin Hyperloop being one of the biggest investors. A fully functional hyperloop system is still a long way from coming
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Pune, Maharashtra, India, September 23 2020 (Wiredrelease) Allied Analytics :Hyperloop is a conceptual high-speed transportation system, the route of which was initially proposed from Los Angeles to San Francisco. This technology operates as a pod-like vehicle through a reduced-pressure tube, which potentially exceeds airliner speeds. The average travelling speed is expected to be 600 mph with a maximum speed of 760 mph. Passenger and freight are loaded into the hyperloop, and accelerate gradually through electric propulsion via a low-pressure tube. The tubes are made out of thick, strong steel and can handle 100 Pa of pressure or even more. By transportation system, the market is segmented into tube, propulsion, capsule, and route. Based on carriage type, it is classified into passenger and cargo/freight.
According to a recent report published by Allied Market Research, titled, Hyperloop Technology Market by Type and Transportation System: Global Opportunity Analysis and Industry Forecast, 2022-2026, the